Economy

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  • Category : Economy
  • CBE Governor participates in 4th G20 Finance Ministers, Central Bank Governors meet

    Date: 2024-10-25 14:26:42 GMT - Egypt - Economy - SN:34 - ID:10925811

    CAIRO, Oct 25 (MENA) - Governor of the Central Bank of Egypt (CBE) Hassan Abdullah participated in the 4th G20 Finance Ministers and Central Bank Governors Meeting, which took place over two days on October 23 and 24, on the sidelines of the annual ....

  • Arab Women Investors Union says trade in local currencies bet. BRICS members eases pressure on hard currency

    Date: 2024-10-25 13:29:44 GMT - Egypt - Economy - SN:30 - ID:10925751

    CAIRO, Oct 25 (MENA) - Arab Women Investors Union chief Hoda Yassin praised the speech of President Abdel Fattah El Sisi during his participation in the BRICS summit, in which he stressed the Egyptian state's support for promoting cooperation ....

  • Egypt, WFP review joint agriculture projects

    Date: 2024-10-25 12:45:29 GMT - Egypt - Economy - SN:28 - ID:10925657

    CAIRO, Oct 25 (MENA) - Minister of Agriculture and Land Reclamation Alaa Farouk met with Country Director of the United Nations World Food Programme (WFP) Jean-Pierre to discuss the status of joint projects currently underway with the ministry. ....

  • Egypt, OECD sign MoU extending country program

    Date: 2024-10-25 11:40:49 GMT - Egypt - Economy - SN:25 - ID:10925539

    WASHINGTON, Oct 25 (MENA) - Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat signed Friday a memorandum of understanding with Secretary-General of the Organisation for Economic Co-operation and Development ....

  • Egypt's bourse gains EGP 41 bln in one week

    Date: 2024-10-25 09:20:27 GMT - Egypt - Economy - SN:20 - ID:10925500

    CAIRO, Oct 25 (MENA) - The Egyptian Exchange (EGX) has achieved strong weekly gains, estimated at nearly EGP 41 billion, bringing the market capital of listed companies to EGP 2.196 trillion, up from EGP 2.155 trillion, reflecting a 1.9% ....

  • Mashat: GDP growth rate reached 2.4% in last FY

    Date: 2024-10-24 20:05:44 GMT - Egypt - Economy - SN:56 - ID:10925061

    WASHINGTON, Oct 24 (MENA) - Minister of Planning Rania el Mashat said the Gross Domestic Product (GDP) growth rate reached 2.4% in the last fiscal year (FY) due to geopolitical tensions and challenges facing the Egyptian economy before the start of ....

  • Egypt PM in talks over cooperation with City Bank group

    Date: 2024-10-24 14:40:48 GMT - Egypt - Economy - SN:46 - ID:10924981

    CAIRO, Oct 24 (MENA) - Prime Minister Mostafa Madbouli reiterated on Thursday Egypt's interest in boosting cooperation with City Bank in light of the major reforms carried out by Egypt to control currency exchange market and strike a balance in ....

  • TV BRICS reviews positive economic results over Egypt's accession to BRICS

    Date: 2024-10-24 09:05:33 GMT - Egypt - Economy - SN:21 - ID:10924337

    CAIRO, Oct 24 (MENA) - The TV BRICS shed light on the positive economic results that happened after Egypt's official inclusion in the BRICS in January. The volume trade between Egypt and the rest of the countries increased by 15% in the first ....

  • All EGX indices down, benchmark slightly decreases

    Date: 2024-10-23 20:09:18 GMT - Egypt - Economy - SN:82 - ID:10923964

    CAIRO, Oct 23 (MENA) - Egyptian Exchange (EGX) indices went down collectively at the close of Wednesday's trading, amid sales by foreign institutions and investment funds as well as Arab investors. Meanwhile, purchases prevailed in transactions ....

  • IMF: Egypt on track to financial sustainability with expectations of reducing budget deficit, increasing revenues

    Date: 2024-10-23 17:51:39 GMT - Egypt - Economy - SN:68 - ID:10923691

    WASHINGTON, Oct 23 (MENA) - The International Monetary Fund (IMF) expects Egypt to achieve a significant improvement in its financial situation in the coming years, reflecting the ongoing economic reform efforts. The fund said in a report issued ....

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